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Articles tagged “sonder”

News Blog

Sonder’s New Top Financial Exec Has Skin in the Game — 2.7 Million Stock Options

Sonder, the property management company that went public through a blank check merger, or SPAC, found someone to replace its outgoing chief financial officer with the help of 2.7 million stock options as an incentive. The Sonder Europa in Washington, D.C. Source: Sonder It is challenging to recruit a chief financial officer when your stock…

Dennis Schaal | 1 year ago

Daily Lodging Report

A Sad Sack of Lodging SPACs Struggling as Public Companies

In an amazing recovery from over 700 points down, the DJIA ended the day down only 280 points while Nasdaq rallied to end up 6. Vacasa’s stock price plunged well into penny stock category, joining Sonder, before recovering somewhat, ending the day down -25%.

1 year ago

News Blog

Airbnb Trims Recruiting Staff by 30 Percent

Airbnb reduced its recruiting staff by 30 percent — affecting perhaps a couple of dozen jobs — even as the company plans on increasing its overall workforce in 2023. A spokesperson told Bloomberg that the layoffs came this week to align the size of Airbnb's recruiting staff with the scale of projected hiring this year.…

Dennis Schaal | 1 year ago

Short-Term Rentals

Sonder Fires 14 Percent of Its Corporate Workforce in Second Recent Layoff Round

Sonder is a prime example of a company that shouldn't have gone public, but the special purpose acquisition company trend enabled it to start trading. From lots of hype to penny stock, that's the story now.

Dennis Schaal | 1 year ago

Sonder Fires 14 Percent of Its Corporate Workforce in Second Recent Layoff Round

Short-Term Rentals

Vacasa Slashes 17 Percent of Workforce in Second Recent Round of Layoffs

It's clear that Vacasa's ranks were bloated, and that the company was not very well-run in recent years. Like several other now-struggling, newly public companies, Vacasa faces a challenging road ahead.

Dennis Schaal | 1 year ago

Vacasa Slashes 17 Percent of Workforce in Second Recent Round of Layoffs

Short-Term Rentals

HomeToGo and Other Newly Public Companies on Track in 2023 to Reverse Losses

A bunch of companies that pledge to break even or better on an adjusted EBITDA basis this year will actually be in the red using more standard financial measures. These financial makeovers are very much in vogue.

Dennis Schaal | 1 year ago

HomeToGo and Other Newly Public Companies on Track in 2023 to Reverse Losses

Tourism

Skift’s 2023 Megatrends and Other Top Stories This Week

In Skift's top stories this week, we unveil our 16 Megatrends for 2023, India is poised to become the world's largest outbound travel market, and Sonder eliminates cleaning fees for guests.

Sherry Sun | 1 year ago

Skift’s 2023 Megatrends and Other Top Stories This Week

Mergers and Acquisitions

How Did All Those Travel SPACs End Up Doing?

You win some, you lose some. As quickly as SPACs soared on the hype, they lost much of their luster just as quickly on Wall Street. Travel SPACs were definitely no exception. Take a look at the numbers.

Sherry Sun | 1 year ago

How Did All Those Travel SPACs End Up Doing?

Online Travel

Booking Holdings Business Model Was Slowing Things Down Pre-Covid

Payments, flights and short-term rentals are paying off so far for Booking as part of its connected trip strategy. That's true even if there are doubts about travelers wanting to book their entire trip on one platform.

Dennis Schaal | 1 year ago

Booking Holdings Business Model Was Slowing Things Down Pre-Covid

Short-Term Rentals

Sonder Eliminates Cleaning Fees in Short-Term Rentals and Hotel Rooms

Sonder will have to see if it can make its pricing competitive while eliminating cleaning fees as a separate guest charge. There could be some reputational upside if the financials work out.

Dennis Schaal | 1 year ago

Sonder Eliminates Cleaning Fees in Short-Term Rentals and Hotel Rooms